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FxWirePro: Aussie falls against kiwi after HPI, NAB business confidence data

  • AUD/NZD is currently trading around 1.0410 marks.
     
  • Pair made intraday high at 1.0431 and low at 1.0408 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0450 marks.
     
  • A sustained close above 1.0526 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0419 will take the parity down towards key supports around 1.0339/1.0264/1.0222 marks respectively.
     
  • Australia’s HPI stands at 2.4 vs -0.7 previous release (expected 0.5).
     
  • Australia’s NAB business confidence stands at 0 vs 2 previous release.
     
  • Australia’s S&P/ASX 200 was trading 0.23 pct lower at 6,714.40 points.
  • Market Data
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